Archives

February 2017

6 Red Flags of Financial Statement Fraud

Posted on February 22, 2017

Many incidents of fraud are discovered inadvertently. For example, a staff member notices something that doesn't seem right and…

Revised Form I-9

Posted on February 22, 2017

Form I-9, Employment Eligibility Verification, is used by employers to verify the identity of individuals hired for employment in…

SEPs: A Quick and Easy Retirement Plan Option

Posted on February 10, 2017

Setting up and maintaining a simplified employee pension (SEP) is probably easier than you think. The sooner you get started…

Handling Interest Expense on Loans to Inject Capital

Posted on February 09, 2017

There are instances when you can write off interest on personal loans used for business purposes, such as injecting capital into an…

Red Flag For An IRS Audit

Posted on February 08, 2017

If you operate a company that deals in large amounts of cash, it's no secret that the IRS is watching you. The government knows…

Claiming Business Deductions for Work-Related Education Costs

Posted on February 08, 2017

If you're headed back in the classroom, or thinking about it, you might be wondering if the tuition expenses are tax deductible. To…

Endowments

Posted on February 08, 2017

The term “endowment” is common in the nonprofit sector and may actually mean something different depending on how it is used.  A…

Red Flags That Can Trigger An IRS Audit

Posted on February 07, 2017

The possibility of an IRS audit worries many taxpayers. But if you know what the targets are, you have a better chance of avoiding…

Avoid Retirement Account Rollover Pitfalls

Posted on February 07, 2017

After retiring or leaving a job, your first big tax question might be: What should I do with the money in qualified retirement plan…

Meal Deductions

Posted on February 07, 2017

In one significant case, the U.S. Tax Court allowed a taxpayer to claim deductions for meals that stretch the limits of the…

Disclaimer: The information contained in Dulin, Ward & DeWald’s blog is provided for general educational purposes only and should not be construed as financial or legal advice on any subject matter. Before taking any action based on this information, we strongly encourage you to consult competent legal, accounting or other professional advice about your specific situation. Questions on blog posts may be submitted to your DWD representative.

"Carrie does an excellent job every year presenting the audit to the Board of Directors.  She clearly communicates relevant information and action items we can take as a Board.  Through her…"

Heather Schoegler, Board Member of Ronald McDonald House